Community needs obligation

  1. Law
  2. District of Columbia Code
  3. Banks and Other Financial Institutions
  4. Community Development by Financial Institutions
  5. Community needs obligation

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A financial institution shall have a continuing and affirmative obligation to meet the credit needs of its local communities, including low-income and moderate-income area, consistent with the safe and sound operation of the financial institution.

(June 9, 2001, D.C. Law 13-308, § 403, 48 DCR 3244.)

Section References

This section is referenced in § 26-431.06.


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